Ann: Dividend/Distribution - REF, page-78

My question for Sherlock Holmes:

Below are the trades since REF went ex div. About 23m shares have changed hands (25%).

In July Sandon held 18.4m (19.9%), Richard Bell 18.2m (19.8%), Phoenix 8.7m (9.4%) and Lanes End 8.9m (9.67%)

Since 20/8/19 there's been two change of holder notice: (Lanes End sold 7m and Phoenix dropped 1.4m to 7.88%

So, which of you retail holders picked up the other 14.6m and managed to stay below substantial and under 20%??

	Date	Open $	High $	Low $	Close $	Change $	Change %	Volume
1	28/08/2019	0.01	0.01	0.009	0.01	0	0	435945
2	27/08/2019	0.011	0.011	0.009	0.01	-0.001	-9.09	1950841
3	26/08/2019	0.013	0.013	0.011	0.011	-0.001	-8.33	726523
4	23/08/2019	0.012	0.01	0.012	0.012	0	0	702924
5	22/08/2019	0.012	0.012	0.012	0.012	0	0	1796843
6	21/08/2019	0.014	0.014	0.012	0.012	-0.003	-20	3839488
7	20/08/2019	0.015	0.015	0.012	0.015	-0.039	-72.22	14074229